NXP Semiconductors NV (NXPI) Rating Lowered to Sell at Zacks Investment Research
NXP Semiconductors NV (NASDAQ:NXPI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.
According to Zacks, “NXP Semiconductors N.V. is a global semiconductor company. The Company designs and manufactures High Performance Mixed Signal semiconductor solutions to meet the requirements of systems and sub-systems in its target markets. High Performance Mixed Signal solutions are an optimized mix of analog and digital functionality integrated into a system or sub-system. The Company’s expertise is in RF, analog, power management, interface, security and digital processing products. NXP’s solutions are used in a wide range of automotive, identification, wireless infrastructure, lighting, industrial, mobile, consumer and computing applications. The Company claims to provide its customers improved power efficiency, functional performance, miniaturization, quality, durability and adaptability in their electronic systems and application solutions. NXP is based in Eindhoven, the Netherlands, with research and development activities in Asia, Europe and the United States, and manufacturing facilities in Asia and Europe. “
NXPI has been the topic of a number of other research reports. Jefferies Group reissued a “buy” rating and set a $130.00 price target on shares of NXP Semiconductors NV in a research report on Tuesday, June 28th. Vetr raised NXP Semiconductors NV from a “buy” rating to a “strong-buy” rating and set a $101.75 price target on the stock in a research report on Monday, June 6th. TheStreet raised NXP Semiconductors NV from a “hold” rating to a “buy” rating in a research report on Monday, August 15th. JPMorgan Chase & Co. increased their price target on NXP Semiconductors NV from $97.00 to $98.00 and gave the stock a “neutral” rating in a research report on Friday, July 29th. Finally, Summit Redstone reissued a “buy” rating and set a $91.00 price target on shares of NXP Semiconductors NV in a research report on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $105.57.
NXP Semiconductors NV (NASDAQ:NXPI) opened at 96.12 on Wednesday. The stock has a market cap of $24.20 billion, a price-to-earnings ratio of 31.15 and a beta of 1.70. NXP Semiconductors NV has a 52-week low of $61.61 and a 52-week high of $98.09. The stock has a 50 day moving average price of $86.15 and a 200 day moving average price of $84.76.
NXP Semiconductors NV (NASDAQ:NXPI) last released its earnings results on Wednesday, July 27th. The semiconductor provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.04. NXP Semiconductors NV had a return on equity of 14.34% and a net margin of 11.95%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter last year, the firm posted $1.44 earnings per share. The business’s revenue was up 57.0% compared to the same quarter last year. Analysts expect that NXP Semiconductors NV will post $5.75 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in NXPI. Evercore Wealth Management LLC raised its position in NXP Semiconductors NV by 1.6% in the second quarter. Evercore Wealth Management LLC now owns 677,283 shares of the semiconductor provider’s stock worth $53,059,000 after buying an additional 10,480 shares during the period. Nomura Holdings Inc. raised its position in NXP Semiconductors NV by 857.6% in the second quarter. Nomura Holdings Inc. now owns 87,293 shares of the semiconductor provider’s stock worth $6,903,000 after buying an additional 78,177 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in NXP Semiconductors NV by 14.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,911 shares of the semiconductor provider’s stock worth $229,000 after buying an additional 377 shares during the period. Harbour Capital Advisors LLC bought a new position in NXP Semiconductors NV during the second quarter worth $593,000. Finally, Optimum Investment Advisors bought a new position in NXP Semiconductors NV during the second quarter worth $415,000. 85.49% of the stock is currently owned by institutional investors.
NXP Semiconductors NV Company Profile
NXP Semiconductors N.V. (NXP) is a holding company. The Company operates as a semiconductor company and a long-standing supplier. The Company provides high performance mixed signal and standard product solutions. The Company’s segments include High Performance Mixed Signal (HPMS), Standard Products (SP), and Corporate and Other.
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